Small Business Innovative Research (SBIR) Contract

A type of contract designed to foster technological innovation by small businesses with 500 or fewer employees. The SBIR contract program provides for a three-phased approach to research and development projects: technological feasibility and concept development; the primary research effort; and the conversion of the technology to a commercial application.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Affiliated Group
When two or more...
Contracting Officer
A person with the authority to...
Cash-basis Accounting
records revenue when cash is...
Capital Leases
are for the purchase of fixed assets such as...
Emerging Small Business
A small business concern whose...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Guarantor
The legal entity and...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Applicant Individual
aka who is requesting an SBA loan...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Cash Flow Test
Part of the CET that determines if...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Projection
An estimate of future economic or...
Primary Activity
The major business activity of...
Request for Proposal (RFP)
A document outlining a...

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